Southern Nevada Homes Hit Record Prices in Late-Fall | Carol Strom broker, owner, UNLV Real Estate Finance Degree #B145311

Southern Nevada median single-family home price reached a record $488,995 in November 2025. Condo and townhome median prices hit $303,750, up 0.8% year-over-year but below October peak. November 2025 saw 1,918 homes sold, with single-family sales down 6.6%. Housing inventory rose to 7,033 homes and 2,613 condos, creating five months supply. Lower mortgage rates...

When to Refinance Your Mortgage

Refinancing a mortgage involves replacing an existing loan with a new one, often to secure a lower interest rate, shorten the loan term, or access home equity. Homeowners should consider factors like home equity, credit history, and refinancing costs before proceeding. A lower interest rate can significantly reduce monthly payments, while cash-out refinancing allows access to equity for various expenses....

Refinancing Tips

Refinancing can be intimidating, but it's worth considering due to potential savings. Key tips include evaluating how long you plan to stay in your home, as refinancing may not always save money long-term due to fees and interest rates. Understand any penalties for early loan payoff and ensure your refinance rates account for these. Additionally, check your credit score before applying, as a higher...

Southern Nevada Homes Hit Record Prices in Late-Fall | #CarolStrom #Nevada #Financedegree #Realtor #ListingAgent $3,500, #BuyersAgent $1,500 #showing or BPO $49

Southern Nevada median single-family home price reached a record $488,995 in November 2025. Condo and townhome median prices hit $303,750, up 0.8% year-over-year but below October peak. November 2025 saw 1,918 homes sold, with single-family sales down 6.6%. Housing inventory rose to 7,033 homes and 2,613 condos, creating five months supply. Lower mortgage rates...

Vegas Housing: Is a Buyer’s Market Emerging? | #CarolStrom #Nevada #Financedegree #Realtor #ListingAgent $3,500, #BuyersAgent $1,500 #showing or BPO $49

Slide 1 Vegas home prices hit record highs—yet buyers quietly gain leverage. Slide 2 Single-family median reached $488,995, up 1.9% year-over-year. Slide 3 Inventory surged: listings without offers jumped 26% homes, 41% condos. Slide 4 Sales fell—down 6.6% homes, 20.2% condos—slowing competition dramatically. Slide 5 Homes sell slower now;...

Need to Refinance? Find the Best Mortgage Lenders

Refinancing your mortgage can lower monthly payments, consolidate debt, or fund home improvements. Key tips include refinancing only after building sufficient equity, aiming for at least a 2% interest rate reduction, and considering all costs like taxes and fees. Check your credit score, debt-to-income ratio, and home value before applying. Always compare offers, negotiate fees, lock in favorable rates,...

How to get ready for closing when buying a home

Closing on a home transfers ownership from seller to buyer, involving signing documents, paying closing costs, and receiving keys. Key steps include organizing documents, reviewing loan and seller disclosures, checking the closing disclosure, and securing homeowners insurance. Prepare funds early for closing costs, lock in your mortgage rate, transfer funds securely, and do a final walk-through to...

First-Time Homebuyer Tips You Can’t Afford to Ignore

Set a realistic budget considering mortgage, taxes, insurance, and repairs. Get mortgage preapproval to strengthen your buying power. Choose a location that suits future needs, factoring in commute, schools, and property trends. Never skip a home inspection to avoid costly surprises. Be prepared to negotiate price, repairs, and closing costs to save money and secure the best deal. Continue to full...

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